Mansion Global Daily: Property tax changes for 2022, competition expected to intensify in Australian rental markets, etc.


Here’s what could change your US property tax bill in 2022 and beyond

Soaring residential values, changes in highly controversial SALT deductions and more could be in store for homeowners. Read more

BY THE NUMBERS


TREND TODAY


MANSION GLOBAL EXPERIENCE LUXE


On the way to the hills

In the Winter 2021 issue of Mansion Global Experience Luxury, we explore how city dwellers, in search of space and scenery, are permanently settling in the mountains at dizzying rates. Read more

LIST OF THE DAY


130-year-old Toronto landmark ready for next life

The stately red brick mansion has housed celebrities haunted by Angelini for decades and is now available to be transformed into a lavish family home. Read more

INSIDERS


Rafael Pelli on the fusion of architecture and well-being

The son of legendary architect Cesar Pelli discusses the future of buildings, collaboration and the sustainable urban core. Read more

NEW BITES

Competition set to intensify in Australian rental markets as borders reopen

Australian tenants are struggling to find accommodation as the number of rental listings has fallen sharply in major capitals. The situation is expected to worsen in the coming months when international borders reopen, according to Domain’s latest report. Rental listings fell 29% year-on-year in Sydney in November, 32.4% in Melbourne and 31.4% in Brisbane. The only city that saw positive growth in the number of rentals available was Darwin, which saw an increase of 19.2% per year. Domain

Five bedroom mansion outside Sydney for AU $ 8.5million

A five-bedroom house in the prestigious Golden Mile enclave of Strathfield, a suburb west of Sydney, is being marketed for 8.5 million Australian dollars (6 million US dollars). The house has two bathrooms with tiled floor to ceiling and double sinks, a kitchen with a stone island, and a veranda with a formal living room. The approximately 0.42 acre double lot also offers “an opportunity for buyers to fully redevelop the property,” according to agent Norman So of Belle Property Strathfield. real estate.com.au

US considers tougher rules on cash real estate purchases

The US Treasury Department will begin developing regulations that could expand reporting requirements for real estate purchases by cash and / or by shell companies as part of the Biden administration’s efforts to reduce global corruption, two senior officials say administration. Currently, title insurance companies are required to identify with the Treasury Department’s Financial Crimes Enforcement Network the people behind shell companies used in cash purchases of residential real estate, but only for homes costing over $ 300,000. $, and only in a dozen metropolitan areas, including cities. like New York, Boston, Chicago, Los Angeles and San Francisco. The new rule could extend beyond these areas and also require information on commercial purchases. Crain’s Business in Chicago

Singaporean billionaire developers double down on blue chip properties

Singaporean billionaires Kwek Leng Beng and Gordon Tang are doubling their investments in and around the city’s financial district. The pair spent some S $ 965 million (US $ 704 million) last week to acquire development sites through their respective real estate companies. Companies plan to develop these sites into mixed-use projects, including luxury homes to meet growing demand. Forbes

AROUND NEWS CORP

Why house prices have risen faster in Wales than anywhere else in the UK [The Times of London]

Will the Omicron variant of Covid-19 infect the housing market? Or is real estate immune? [Realtor.com]

Evergrande Stock falls after group admits it may not be able to repay debt [Barron’s]

Six-meter-wide house hits market with massive A $ 15.5 million guide [news.com.au]

Penny D. Jackson